It's very different to owning shares in a company. You have to either buy a house or rent. You cant opt out entirely, whereas you can with shares.
By choosing to rent, you are betting on the housing market being stagnant or falling, if house prices shoot up and you opted to rent, you will need to now pay higher rents or a bigger mortgage.
So there is risk in renting too
If you decided to rent in london instead of buying 3 years ago, you'd be tens of thousands down
It's very different to owning shares in a company. You have to either buy a house or rent. You cant opt out entirely, whereas you can with shares.
By choosing to rent, you are betting on the housing market being stagnant or falling, if house prices shoot up and you opted to rent, you will need to now pay higher rents or a bigger mortgage.
So there is risk in renting too
If you decided to rent in london instead of buying 3 years ago, you'd be tens of thousands down